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Author: repowmn Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 308465  
Subject: Re: Ideas for Savings Date: 4/16/2001 12:31 PM
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<<How might this have changed your plans, if I may ask?



It sounds like you are anticipating making the faustian bargain common for graduating law students ----long and demanding hours of work in exchange for high pay
and professional position. That sounds like a reasonable bargain for a while anyway.

But what alternatives did Kiyosaki outline that you found appealing?




Seattle Pioneer >>

Almost missed this one and feel it deserves a response. To be honest, I haven't thoroughly thought through how I might have changed my plans if I had found Kiyosaki's books before law school. One of his big points is that earned income is not the way to go. He puts it sort of obnoxiously: "Instead of working for money, I've learned to have money work for me." This means building businesses and buying assets. It requires a whole different skill set than the employee/self-employed skill set. I don't necessarily think I have the requisite skill-set, but am working on developing it (through informal self-education, combined with my law school course choices).
Meanwhile, I'll take the faustian bargain. I came into this bargain with my eyes wide open in the sense that I knew what I was getting into. I just didn't realize there was a whole other world of possibilities out there on what he calls the Business Owner/Investor side of the quadrant (the other side being the Employee/Self-employed side). I also wasn't in the habit of thinking of myself as a potential entrepreneur/investor. That is changing. Live and learn. :-)
-rw
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